Iraqi Dinar News

Breakthrough in Iraq oil standoff

7/3/07 Iraq's cabinet has approved a draft oil law which aims to equitably share revenues from its oil revenues among the country's ethnic groups.
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Kurdish Oil Riches Lure Wildcatters Unswayed by Deaths in Iraq

7/3/07
By Kambiz Foroohar
July 2 (Bloomberg) -- A few miles outside the village of Tawke in northeastern Iraq, black smoke billows over the green hills as a 100-foot fire rages unchecked.
Najman Yousef, a former Kurdish guerrilla, inspects the scene. This blaze, unlike the attacks roiling the rest of Iraq, is a positive sign: It's burning the excess oil gushing from one of the first wells drilled since the fall of Iraqi dictator Saddam Hussein four years ago.

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Iraq raises petrol prices

7/3/07 BAGHDAD: Iraq has increased official petrol prices by around 15 per cent, an Iraqi official said yesterday, delivering the second hike this year to keep promises made to the International Monetary Fund.
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Problems for the Iraqi Oil Industry

7/2/2007

Walter Pincus Washington Post Staff Writer Monday, July 2, 2007; A17

Among the political benchmarks the Bush administration has embraced to chart progress in Iraq, approval by the Iraqi parliament of a hydrocarbon law looms large. Oil provides 95 percent of Iraq's national income, making the recovery of the country's oil sector critical to reducing the United States' military and economic burden.

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Iraq draws up plans for privatisation gold rush

7/2/07 By Helen Power, Sunday Telegraph Last Updated: 1:49am BST 05/07/2007 The Iraqi government has begun preparing the groundwork for what could be one of the biggest privatisations of state-owned assets.
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Kurds woo investors as Iraq knocks at the door

7/1/07 Northern Iraq's relatively stable Kurdish region is trying to attract oil prospectors and investors instead of insurgents in an ambitious bid to rival commercial hotspots like Dubai.
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Iraq's KRG seeks foreign bids on 40 new oil blocks

LONDON Jun 29, 2007 (Dow Jones Newswires)
Iraq Kurds Unveil Oil Blocks, See Oil Law Deal

Iraq's northern autonomous Kurdish government on Friday said it's planning to offer 40 new oil blocks to foreign companies in a sign that it said, reflects its confidence Iraq is close to reaching a final deal on the country's long-delayed hydrocarbons law. "We wouldn't be announcing details of these blocks if we were not confident that things are moving ahead with the oil law in Baghdad," Kurdish Oil Minister Ashti Hawrami told Dow Jones Newswires by telephone from Erbil, the Kurdish capital.

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Bush: Key to Evaluating Iraq Is at Its Local Level

6/29/2007 By Thomas E. Ricks Washington Post Staff Writer Friday, June 29, 2007; A18 The most important form of political compromise in Iraq is not among top Iraqi politicians in Baghdad, but at the local level, President Bush asserted yesterday, in a departure from past rhetoric on Iraqi politics.
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Demand for dollar, exchange rate down in daily auction

Monday , 22 /10 /2007 Time 2:36:13 Baghdad, Jun 28, (VOI) - Demand for the dollar was down in the Iraqi Central Bank’s auction on Thursday, reaching $53.440 million compared with $60.770 million on Wednesday.
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Foreign ministry spokesman discusses Iraq's economic reconstruction

6/29/07 China's foreign ministry spokesman, Qin Gang, recently discussed Iraq's economic reconstruction at a press conference.
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Bush cites Israel as model for Iraq

6/28/2007 By JENNIFER LOVEN, Associated Press Writer 31 minutes ago President Bush held up Israel as a model for defining success in Iraq Thursday, saying the U.S. goal there is not to eliminate attacks but to enable a democracy that can function despite violence.
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Why the Iraq war won't engulf the Mideast

6/28/2007
WASHINGTON:
Long before the Bush administration began selling "the surge" in Iraq as a way to avert a general war in the Middle East, observers both inside and outside the government were growing concerned about the potential for armed conflict among the regional powers.
Underlying this anxiety was a scenario in which Iraq's sectarian and ethnic violence spills over into neighboring countries, producing conflicts between the major Arab states and Iran as well as Turkey and the Kurdistan Regional Government. These wars then destabilize the entire region well beyond the current conflict zone, involving heavyweights like Egypt.

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Iraq Ministry announces US$33.5m housing project in Babil

6/27/07 Iraq Minister of Construction and Housing Bayan Diza Yee has announced work has begun on a residential compound in Babil province.
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The Iraqi 'Nation'

6/27/2007

By ROBERT MCFARLANE
June 27, 2007; Page A12
Baghdad
One reason put forward for why we ought not continue the fight in Iraq is that the Iraqis themselves aren't doing their part to unite their country against the insurgency. It's wrong.
Two weeks ago, I participated in a remarkable three-day gathering of more than 70 Iraqi clerics. It was held in Baghdad, was organized by Canon Andrew White, an Anglican priest in Iraq, and had one aim: Give Iraqi religious leaders a forum to listen to and engage one another. It was a phenomenal success.

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Iraqi group threatens lawmakers who back oil law

6/26/2007 Reuters - Tuesday, June 26 09:49 pm DUBAI (Reuters) - An Iraqi militant group has threatened to target lawmakers who approve a bill intended to regulate Iraq's oil and gas industry.
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Iraq: Warrant issued for Sunni minister

6/26/2007 By SINAN SALAHEDDIN, Associated Press Writer 26 minutes ago BAGHDAD - An arrest warrant was issued against Iraq's Sunni culture minister, and police raided his home on Tuesday after he was accused of ordering a 2005 assassination attempt against a secular Sunni politician that killed his two sons, officials said.
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US notes progress for Iraqi forces

6/26/2007

Security handover seen as years away
By Pauline Jelinek, Associated Press | June 26, 2007
WASHINGTON -- More than a third of Iraq's national police battalion commanders are now Sunni after a purge of Shi'ites who had a sectarian bias, a US general said yesterday.
Despite improvements, he predicted it will still be years before Iraqi forces are capable of securing the country by themselves.

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Iraq Issues Tender To Sell 3M Barrels Kirkuk Crude

6/25/2007 AMMAN -(Dow Jones)- Iraq issued Monday a tender to sell 3 million barrels of Kirkuk crude pumped through a northern pipeline to the Mediterranean port of Ceyhan, a senior official with the state oil marketer SOMO said.
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Iraq Government To OK Draft Law On Sharing Oil Revenues

6/25/2007 By Hassan Hafidh, Of Dow Jones Newswires Iraq's central government is expected to approve shortly a draft law on the distribution of oil revenues after it had reached agreement with officials from the Kurdistan Regional Government last week, a senior government official said Monday,
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Where Is Iraq Heading? Lessons from Basra

6/25/2007

Where Is Iraq Heading? Lessons from Basra,* the latest report from the International Crisis Group, examines the city's descent into chaos under British occupation, offering important lessons for Baghdad and the nation as a whole. Coalition forces there already implemented a security plan in many ways similar to the current "surge" in the capital and its environs. As in Baghdad, one of the putative goals was to pave the way for a takeover by Iraqi forces. Today, however, Basra is controlled by militias which are even more powerful than before.

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Brutal New Tactics In Iraq

6/25/2007 Suicide bombers in Iraq have staged a deadly surge of their own, striking three targets on Monday — including the highly fortified Mansour Hotel in central Baghdad. Early reports put the combined death toll at 50, and climbing. But how are militant groups sneaking their bombs and bombers past the giant security dragnet around Baghdad?
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Iraq lawmakers agree to lengthen session

6/24/2007 Julian E. Barnes and Raheem Salman, Los Angeles Times Sunday, June 24, 2007 (06-24) 04:00 PDT Baghdad -- Iraq's parliament agreed Saturday to cut its summer holiday in half, and some observers said a deal had been reached on a law to share the country's oil wealth.
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The Next Flashpoint in Iraq

6/24/2007

The American troops found the body hanging from an electrical pole a short distance from the office of the new Iraqi security forces commander for the city, Gen. Adnon Thabit. Foot soldiers from the Iraqi national police sent to Samarra in recent weeks had killed the man that morning during a firefight with insurgents, roped him to the back of one of their blue and white trucks by the feet and then dragged him through the city for all to see before stringing him up.

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General Iraq Progress Report Has Competition

6/23/2007 By DAVID E. SANGER and THOM SHANKER WASHINGTON, June 23 — Last month, Congress set a deadline for the American commander in Iraq, declaring that by Sept. 15 he would have to assess progress there before billions more dollars are approved to finance the military effort to stabilize the country.
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US may reduce forces in Iraq by spring

6/22/2007

By PAULINE JELINEK, Associated Press Writer 14 minutes ago

The U.S. may be able to reduce combat forces in Iraq by next spring, if Iraq's own security forces continue to grow and improve, a senior American commander said Friday.
Lt. Gen. Raymond Odierno, the top day-to-day commander of U.S. forces in Iraq, did not predict any U.S. reductions but said it may be feasible by spring. There are currently 156,000 U.S. troops in Iraq.

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US official sees some progress on Iraq benchmarks

6/22/2007 BAGHDAD, (Reuters) - Iraq's government, criticised by Washington for its slow progress on three key political benchmarks, could pass two of the laws by the end of July, a U.S. embassy official said on Monday.
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Iraq and Kurdistan resolve oil law row

6/21/2007 BAGHDAD (Reuters) - Iraq's central government and the Kurdistan regional authority have resolved disputes holding up a draft oil law aimed at equitably sharing the world's third largest oil reserves, officials said on Thursday.
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Draft Iraq oil law makes headway

6/21/2007 A draft oil law has been submitted to Iraq's parliament after the government and the Iraqi Kurdistan regional authority resolved differences on the sharing of the country's oil reserves, officials have said.
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Iraqis, Kurds agree on draft oil law

June 21, 2007, 15:45 Baghdad: Iraq's central government and the Kurdistan regional authority have resolved disputes holding up a draft oil law aimed at equitably sharing the world's third largest oil reserves, officials said on Thursday.
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Saudi warns clerics over militants in Iraq

6/20/2007 Reuters - Wednesday, June 20 04:03 pm RIYADH (Reuters) - Saudi Arabia's Interior Minister has warned the conservative Islamic state's clergy that they should discourage Saudis, including their own children, from going to fight in Iraq.
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